Nowadays, many people are investing in cryptocurrency and NFTs. The transactions of these crypto-assets happen on the blockchain network. Also, it comes under decentralized finance, a financial technology that seeks to dismiss mediators in financial transactions. There are many ways to earn profits through crypto holdings. You can also involve in yield farming to generate passive income through your crypto assets. Yield farming refers to lending or staking your crypto coins or tokens to get rewards. People earn transaction fees or interest through yield farming. It is equivalent to receiving interest by depositing your money in a savings bank account. Yield farming includes the movement of crypto-assets through different marketplaces. Also, it is the vital growth driver of the Defi sector.
People can stake their cryptocurrencies and token on a blockchain like Solana or Ethereum. You will get rewards for confirming transactions on the blockchain. Blockchain networks use the proof-of-stake system. People can also become lenders by using lending protocols like Compound or Aave. You will earn interest from borrowers. Also, you can become a liquidity provider for a decentralized exchange such as Uniswap or Pancakeswap. Now, yield farming is also present in the gaming sector. In this article, you can check details for gaming yield farming:
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Yield Farming In Gaming
Now, people can discover blockchain games that allow players to earn crypto assets. These play-to-earn games allow gamers to earn cryptocurrencies and NFTs as prizes. You can participate in the quests and missions of these games and get rewards for them. Players can trade or sell gaming NFTs and cryptocurrencies for real money. Earlier, the gamers couldn’t sell their in-game items like characters, skins, and weapons. Now, it is possible due to the play-to-earn games. Gamers also lend or stake their in-game assets like NFTs. Players can do NFT farming to maximize their game rewards. NFT farming is a fresh idea that promotes utilizing NFTs as a stake for value.
You will get rewards after you lend your game NFTs to someone. The borrower has to pay you interest for using your NFTs. So, renting NFTs is also a great option to earn through play-to-earn games. Also, you can stake your NFTs in the gaming platforms to get more profits. You can start playing a PTE game like Axie Infinity and earn valuable NFTs. You can lend or stake these NFTs to get more profits. Now, players do not have to depend on the sales of their gaming NFTs. They can also involve in NFT farming.
Best NFT Farming Ecosystem For Gaming
You can also involve in NFT farming through the best platforms. Players can enter an NFT yield farming ecosystem through a platform like 99Starz. They deal in NFT renting and leasing and guild creation. 99Starz is headquartered in Dubai and operated by an international team. This team has been growing NFT games for a long time. 99Starz has made everything easy for the players of play-to-earn games. Now, you can start playing any PTE game by joining their guilds or renting NFTs through them. Nowadays, players need to purchase NFTs to start the game. You will get the required assets and knowledge through the 99Starz platform. 99Starz supports new players by reducing the entry barriers of PTE games. 99Starz utilizes a player’s skill, NFT assets, and the knowledge of a community to make gains through the PTE games. Also, NFT holders can earn revenue by lending their NFTs.
99Starz makes an NFT yield farming ecosystem for games such as DeltaTime, Sorare, Axie Infinity, RevvRacing, and more. Also, this platform has a utility token named STZ token. 99 Starz token is best for leasing assets, sharing rewards, or learning through their academy. Also, this utility token has a fixed supply of 99 million coins. STZ token is a medium of transaction, utility, and attribution for many PTE games. Out of the total supply, 14.85 Million STZ is for private and public sales, 9.9 Million $STZ for rewarding the project founding Chief Partners Splint. You can find STZ tokens on various crypto exchanges. This token is perfect for the players who want access to play-to-earn games.
Creating Guilds And Renting NFTs
If you need in-game assets like NFTs to start any PTE game, 99Starz is perfect for you. Players can rent NFTs from the 99Starz vault. Many PTE games require players to buy pricey NFTs to start the game. So, you do not need to purchase costly NFTs to play this game. You can rent this digital asset and start the PTE game to earn more rewards.
Players can also join the gaming guild of 99Starz. Gaming guilds help other players to enter PTE games and gain valuable NFTs. In return, they accept some share from the prizes.
Benefits Of Joining 99Starz
Below, you can check the benefits of joining 99Starz:
- 99Starz is the best platform where people can lend or rent digital assets of PTE games. New players can rent NFTs from them to start playing blockchain games. Also, they have a multi-billion dollar vault where you can discover NFTs of different PTE games.
- 99Starz also helps the players to get proper knowledge regarding play-to-earn games. If you are new to blockchain games, you can join this platform. You can access their tutorials and forums to learn multiple things.
- Players will also get the chance to earn special NFTs through 99Starz. You can use their STZ tokens to get these valuable NFTs easily. Players can sell these exclusive NFTs on different marketplaces.
- 99Starz also allows people to be a part of the gaming guild. This guild involves masters, captains, and players. So, new players will get help from the professionals to earn many rewards through PTE games. Players get the prizes in the form of STZ tokens.
Conclusion
So, yield farming in gaming is the perfect way for earning more profits. People can lend or stake their NFTs and get rewards. New players can also rent the digital assets for playing PTE games.
